It mandates the transfer of learning from the parent country to the host country. “Japanese auto companies are renowned for quality and process-driven work.
Honda and Toyota, which have been in India for about 25 years, have always had a Japanese as the top boss. Since then (after Khattar retired), top bosses have been Japanese: Shinzo Nakanishi (2007-13), Kenichi Ayukawa (2013-22) and Hisashi Takeuchi (current MD & CEO). In 2006, the government decided to completely exit from Maruti Udyog, effectively turning it into a Japanese company instead of an India-Japan venture. Till the time the Indian government held a majority stake in Maruti Suzuki India (earlier called Maruti Udyog), the carmaker had an Indian as the top boss. “It’s a mountainous task to balance the company culture and the country culture.” But managing employees, winning their commitment and ensuring productivity can be better facilitated by a CXO who knows the country’s culture, connects to their roots and knows what motivates them,” he said. “Many foreign companies invest in India because of low-cost manpower availability. Manoranjan Dhal from IIM Kozhikode added it is advantageous and advisable that the CXO must be from the host country. “Japanese and Koreans want to keep costs under check, and for that they need to ‘control’ operations strongly,” Tripathy said.
It needs someone who can manage the local network smoothly.”Īlso Read | Auto sector outlook positive, but recovery faces risks amid global inflation, possible semiconductor shortageīut mass-market carmakers like Maruti Suzuki or Hyundai need to focus on cost and operations efficiency, so that the end-product is perceived as value for money by the customer. “A BMW, for example, doesn’t need brand building. Preferably a local who can connect better with the dealers,” he said. Their brands are already strong, and so these carmakers need a CXO who has made it big in marketing, sales or dealer development. “People have a life-goal of owning these cars. Leadership experts and industry veterans FE talked to said that having an Indian at the helm can have numerous advantages.Īnshuman Tripathy, faculty at IIM Bangalore, told FE that premium brands such as BMW, Mercedes-Benz and Audi are highly aspirational. To summarize, the Lexus LC 500 perfectly accomplishes the grand touring objective that was always intended for it, providing great straight-line performance along with a pleasurable interior and a timeless design.CJPT expels Hino for certification testing misconduct Whether you opt for the regular coupe or the convertible configuration, the LC 500 is one of the most attractive sports cars currently on sale. In the rear, the grand tourer features tri-tip 3D taillights and dual squared-off exhausts with an integrated diffuser.
The massive 21-inch wheels fit snuggly inside the LC 500’s sculpted fenders, complemented by side skirts and a tasteful side vent in between. Up front, it features an enormous grill with a sleek lip, flanked by gorgeous tick-styled headlights with an integrated air-intake design. Its timeless design effortlessly portrays sportiness and class simultaneously, capturing the grand tourer image almost to perfection. As subjective as exterior looks sometimes are, it's almost an objective truth that the Lexus LC 500 is an absolute masterpiece.
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